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Nine of 10 CIOs surveyed by Gartner late last year expressed concerns that managing AI costs was limiting their ability to get value from AI. When were talking with clients right now, one thing that theyre looking at doing is divesting of non-core assets to generate that capital, he adds.
Gartner’s top predictions for 2025 are as follows: Through 2026, 20% of organizations will use AI to flatten their organizational structure, eliminating more than half of current middle management positions. By 2029, 10% of global boards will use AI guidance to challenge executive decisions that are material to their business.
Unmanaged, this asset information could be a serious liability, leading to extreme consequences even by the standards of todays hyper-competitive business landscape, including lost productivity, unsafe operations, and poor uptime performance. Managed, on the other hand, it can boost operations, efficiency, and resiliency.
Generative AI is likely to confuse the capital investor as much as any technology ever has,” he adds. These advanced technologies will be “crucial for maintaining a competitive edge, improving operational efficiency, and enhancing the customer experience,” he says.
But for a select few, the deeper challenges of departmental technologies being funded, procured, and managed without IT involvement are the missed opportunities to better engage and fulfill departmental technology needs. Following are seven steps to guide this transformation for competitive advantage.
The launch by SAP of new AI capabilities in its SuccessFactors HCM (human capitalmanagement) suite Monday is a case of “better late to the party than never,” according to an analyst with Info-Tech Research Group. Skills is an overall organizational strategic challenge to tackle to stay competitive.
This approach not only demonstrates that we value our people wherever they are but allows me to engage effectively with my managers to develop strategies that foster a productive and inclusive culture where different strengths and skill sets can thrive. Another key focus for Lieberman will be capitalizing on the emergence of agentic AI.
In today’s competitive business setting, enterprises are constantly under pressure to maintain profitability amid challenging economic conditions. By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures.
Cloud cost management remains a critical CIO priority. For CIOs who may need to customize their cloud cost information streams or manage a complex cloud estate, do-it-yourself cloud cost management may be the way to go. And that’s all before considering the need to fuel new AI initiatives , which can push cloud costs up further.
It’s a common scenario among CIOs — it’s often easier to communicate and gain consensus with business stakeholders on the urgent need for innovation (a competitiveness factor) and cybersecurity (an existential threat) than on addressing maintenance tasks (technical debt).
For the employees, this freed-up human capital helps to invest more time in activities that require human expertise, judgment and creativity, and obtain better work-life harmony. It is almost impossible to keep up with these evolving and improved versions without investing a good amount of financial and human capital.
For almost a quarter of a century CIOs have been locked in a Sisyphean battle to attract and retain the IT talent necessary to create competitive advantage. I am not certain “war” is the appropriate metaphor for dealing with the massively complex human capital predicament CIOs are working through.
With emerging technologies like Gen-AI keeping organizations in a flurry of new implementations, a rapidly shifting CIO role, new innovations testing budgets and adaptability of organizations and increasing competition, a competent CIO is the ace that can change the game.
Tencent Cloud’s expansion in Asia Pacific (APAC) reflects its strategic efforts to capitalize on the growing demand for Artificial Intelligence (AI) and cloud computing services. Nevertheless, Tencent Cloud faces stiff competition from more established cloud providers like AWS, Google Cloud, and Microsoft Azure in the region.
As companies start to adapt data-first strategies, the role of chief data officer is becoming increasingly important, especially as businesses seek to capitalize on data to gain a competitive advantage. Analytics, Careers, Data Management, IT Leadership, Resumes
Short version: Apple’s execs — and we’re talking about Steve Jobs’ management heirs — can’t figure out how to use its cash to increase its revenue and profits. Apple’s stock buyback, that is, like all stock buybacks, betrays a failure of competitive imagination. Its 12-month year-over-year revenue was down 0.9%, accompanied by a 2.8%
Focusing on business value before AI Mariza Fotiou, VP for digital product management at bp, emphasizes the importance of focusing on the business value that is being sought, whether AI is involved or not. This reflects both the diversity in the technical infrastructure as well as the readiness to experiment of different operating units.
Effective risk management will be crucial for addressing legal and reputational risks, and innovation strategies may require adjustments to comply with regulatory standards. Swapnil Shende, associate research manager for AI at IDC Asia/Pacific, sees complications for multinational organizations.
Fleet administration includes vehicle maintenance, fuel tracking, and driver management. Fleet managers increasingly turn to cutting-edge technologies to boost productivity and save costs. Blockchain technology enhances fleet management in numerous ways due to its distributed and trustworthy nature.
Today we manage more than 300 business intelligence applications and almost 200 datasets in our corporate data catalogue, which are accessed by more than 750 unique users at an average of more than 1,200 sessions per day,” he says. However, not all companies and public administrations have been able to adapt to this new reality.
CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention.
First, we remain steadfast in our decision to focus our resources on R&D, and continuing to develop a true, seamless private cloud experience for customers through VCF – one that is competitive with the public cloud. We are backing it up with billions of dollars in new investment to ensure its success.
In human resource management, Joule will help write job descriptions that are unbiased and compliant, develop relevant interview questions and more. In today’s highly competitive environment, sorting through the GenAI hype and noise and finding the right partner to help capture the real benefits of business AI is crucial.
Doing so requires a robust data management strategy. For her part, Daly is planning to keep pace with, and capitalize on, modest innovation initiatives while maintaining operations and continuing to reduce technical debt. “As For instance, with our internal customer support requests, we aggregate valuable information,” she notes.
Managers looking toward 2024 and beyond certainly have a full plate. Decisions around game-changing current and future technology require decisive action and possible investment to remain competitive. I firmly believe in prioritizing human capital.” We need to get prepared to adopt post-quantum encryption algorithms early.
Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. This is where the portfolio approach comes in wherein different projects are managed similarly to how a portfolio of stocks is managed. This is where the danger lies.
“Now more than ever, having a strong partnership between HR and the CIO is critical, because the demand for talented employees is so high,” says Kathy Kay, CIO at global financial investment management and insurance company Principal Financial Group. This keeps us competitive,” she says. It requires news skills and a change in mindset.
While I expected this exercise to confirm that consolidation is real, I was pleasantly surprised with the degree to which the CIO Tech Talk Community confirmed it – and how they are taking steps to realign their procurement and vendor management strategies. 10X in 10 Years – can this continue?
All this while CIOs are under increased pressure to deliver more competitive capabilities, reduce security risks, connect AI with enterprise data, and automate more workflows — all areas where architecture disciplines have a direct role in influencing outcomes.
If you have experience in any of these 10 skills, it might be worth upskilling to expert proficiency to gain a competitive edge in the market. Having IT pros with NoSQL skills means they can take advantage of unstructured and semi-structured data, building powerful but flexible tools to store, manage, and access that data.
First there was the company’s full embrace of cloud computing, and then a pivot from project management to a product operating model. The volume of task management reduction in terms of the end-to-end lifecycle has gone from weeks to days,” she says. The ideal is to penetrate AI in every piece of our workflow.”
The big picture: Modernizing applications can help companies take advantage of the latest technologies, streamline their operations, and stay ahead of the competition. The bottom line: Application modernization is a wise investment for businesses seeking long-term success and a competitive edge in today’s fast-paced digital landscape.
The good news is that, for managers, the best time to attract and retain talent is during economic downturns. Given how competitive the technology and associated talent market is, companies have to clearly map out their plans for business growth, ensuring they are as comprehensive, considered, and responsible as possible.
Pushing computing to the edge As Caroline Chan, Intel Vice President and General Manager, Network Business Incubator Division, points out: “Organizations face a pressing need to embrace agile, scalable networks to meet the ever-growing demands of modern use cases.
Going forward, the landscape will be more challenging and competitive than ever. Solutions that not only span functions, but also have industry-specific features and benefits that provide more value by supporting and enabling users to be productive and more competitive in specific industries.
The stage is set, and the clocks are ticking down to India CIO Summit 2024, to be held at the JW Marriott, Aerocity in India’s capital New Delhi on March 14 and 15, 2024 by IDC and Foundry, heralding the theme, The Future of IT: Rethinking Digitalization for an AI Everywhere World. We may just have a time machine, for we are in the future!
For the past 60 years, privately-owned Merchants Fleet has provided fleet management and leasing solutions to a broad range of businesses, governments, and educational institutions. At the onset of the pandemic, we had financial sponsors telling us it was going to be impossible to raise capital.
The transformation imperatives In recent years, global enterprises have gone through tectonic shifts, responding to massive changes in their societal, competitive, and geopolitical realities. The findings from this survey are now available in a report, which is entitled 2023 Value Stream Management Trends.)
Therefore, the company reasons, by generating clean, competitively priced electricity for millions of households in Africa, hardship can be replaced with socio-economic prosperity. The lack of centralized data also limited the speed with which management could make important decisions.
These generalists are often responsible for every step of the data process, from managing data to analyzing it. Database-centric: In larger organizations, where managing the flow of data is a full-time job, data engineers focus on analytics databases. They visualize and design an organization’s enterprise data management framework.
The focus on this is increasing and many of those providing cloud-based solutions as a service are coming under pressure to demonstrate how well they are managing our data and how well they are prepared for business continuity,” McGowan says. Artificial Intelligence, Cloud Computing, IT Strategy, Risk Management
The new Scrum teams worked iteratively instead of in a linear mode to speed up the delivery of new capabilities and features, allowing IT — and the business as a whole — to capitalize on the company’s cloud investments. “A A big part of this change wasn’t just cloud but changing the hearts and minds of people.
While many private equity firms have managed to survive through the past several decades by deploying creative financial leveraging and reengineering techniques to offset inefficiencies in their portfolio companies, that approach will not be enough to sustain growth in the current marketplace. Thats still a stretch for many firms.
CIOs and others who manage technology teams are advised to see beyond the churn of constant upskilling, and consider what people excel at: creativity and critical thinking, business strategy, and building strong relationships that increase employee satisfaction while boosting the organization’s performance.
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